INNSURE CORPORATION

EIN: 841845170 501(c)(3) Public & Societal Benefit

CAMBRIDGE, MA

Total Revenue
$49,677
Total Expenses
$154,115
Total Assets
$1,762
Net Assets
$1,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MA
Principal Officer
CHARLES SIDOTI
Phone
6176866944
Tax Period
2021-01-01 to 2021-12-31

INNSURE CORPORATION, founded in 2019, is a micro nonprofit in the Public & Societal Benefit sector that reported $50K in total revenue in fiscal year 2021. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 210% operating deficit.

Mission

FOSTER BREAKTHROUGH INNOVATIONS IN THE MANAGEMENT OF RISK. THIS NONPROFIT WILL NOT BE CONDUCTING OR ENGAGING OF SELLING OR OFFERING INSURANCE PROTECTION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $41,727
Program Service Revenue $7,950
Investment Income $0
Other Revenue $0
TOTAL REVENUE $49,677

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,434
Fundraising Expenses $53,950
Program Expenses $4,806
Other Expenses $46,731
TOTAL EXPENSES $154,115

Year-over-Year Comparison

2021 2020 Change
Revenue $49,677 $333,401 -0.9%
Expenses $154,115 $232,500 -0.3%
Net Income $-104,438 $100,901 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
16
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$49,492
Total Directors
17
$49,492
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES SIDOTI PRESIDENT 40.00
Officer Director
$49,492 $0 $49,492
STEVE BRANDT DIRECTOR 0.60
Director
$0 $0 $0
KRISTIN BRIEF DIRECTOR 0.60
Director
$0 $0 $0
DR PHIL BUDDEN DIRECTOR 0.60
Director
$0 $0 $0
NAKITA PERSAUD DEVLIN DIRECTOR 0.60
Director
$0 $0 $0
VINAY GIDWANEY DIRECTOR 0.60
Director
$0 $0 $0
JOSHUA HOLLANDER DIRECTOR 0.60
Director
$0 $0 $0
HENRY HUANG DIRECTOR 0.60
Director
$0 $0 $0
ALI KEIROLOMOOM DIRECTOR 0.60
Director
$0 $0 $0
ADAM KOSTECKI DIRECTOR 0.60
Director
$0 $0 $0
BEN LEWIS DIRECTOR 0.60
Director
$0 $0 $0
ROGER J PARE CLERK 0.60
Officer Director
$0 $0 $0
NAIMISH PATEL DIRECTOR 0.60
Director
$0 $0 $0
STAN SMITH DIRECTOR 0.60
Director
$0 $0 $0
ERIC SONDERGELD DIRECTOR 0.60
Director
$0 $0 $0
REBECCA WABER DIRECTOR 0.60
Director
$0 $0 $0
ANNE WEBB DIRECTOR 0.60
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $49,677 $154,115 $1,762 $-104,438
2020 $333,401 $232,500 $106,200 $100,901
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